03.15.2017
According to the Bureau of Labor Statistics the Consumer Price Index for all urban consumers (CPI-U) increased 0.1 percent in February on a seasonally-adjusted basis. This increase was the smallest one-month rise since July 2016. A decline in the gasoline index offset increases in the food shelter and recreation indexes. The energy index fell 1.0 percent in February 2017 while the gasoline index fell 3.0 percent after a 7.8 percent increase in January. The food index rose 0.2 percent in February its largest rise since September 2015.
Excluding the volatile costs of food and energy the index for all items less food and energy rose by 0.2 percent in February primarily due to the increase in the indexes for shelter recreation apparel airline fares motor vehicle insurance education and health care although the indexes for communication used cars and trucks new vehicles and household furnishings and operations declined.
The all items index has risen 2.7 percent over the last 12 months before seasonal adjustment; the all items index has been trending upward since a July 2016 low of 0.8 percent.
The full press release can be found via the link below:
Next release is Friday April 14 2017 for the March 2017 Consumer Price Index.
